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Post by ehds on Mar 30, 2020 3:18:23 GMT
Hi jw, join the Australian RS whirlpool forum - there is an active discussion there including new info flowing through on the queue.
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Post by hovisloaf on Mar 30, 2020 23:31:43 GMT
Hi Aus Team - RYI update:
Funds delayed ~26th released to my holding account last night (30th).So delay of about 5 days. Transfer to my bank account seemed to complete successfully (although it's not there yet. Transfer was initiated quite late in the evening though)
I still have more tied up - scheduled for release in the days between 27-30th. Hoping to see it in the coming days.
I'm not pulling out of RS completely though. Going to leave 20-30% of my original investment. I WANT to see them succeed. But ... I wanted the liquidity of cash in the bank when now might be the time to invest elsewhere while everything is 'on sale'.
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Post by ehds on Mar 31, 2020 1:52:08 GMT
I have received a small amount of my funds too ( also from 26/3), but most still a bit more to go.
I think Aus RS have been handling this situation pretty well tbh, I think they have been making sure the release of funds is orderly and like you, I am likely to leave a little in there as the rates are pretty good for investors. I think they are a strong platform, they have significant backers in the car loan business, and serious government based baker in the energy space. They were looking to list on the ASX this year and provision fund so far looks stable. So lots of positives, and I think they are making every effort to keep their investors happy in these volatile times.
I think the government package yesterday reduces the default risk quite a bit so as an investor I’m less worried than I was a week ago.
I’m happy to share in this thread as my funds are released, could we all do so as it helps calm the nerves and give us confidence the queue is moving. I have been following UK RS and they are still waiting for funds from 12/03, so I think Aus RS are doing a really good job.
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Post by hovisloaf on Mar 31, 2020 2:02:03 GMT
I am watching RS UK closely too. I have money (~ £40k) which I THOUGHT I had requested early March. Turns out I pressed something wrong and returned it to the monthly market not the holding account. Idiot. Didn't realise until the 15th. I've still got some waiting to do there... ;-( So annoyed as I was really organised for what I thought was an orderly departure well before the herd. Now I'm right in the middle of the pack. I'm not expecting much from there for a while yet.
Your previous comments are what I'm hoping will prove to be true - RS (both AU and UK) are handling this in a relatively calm manner - and we'll all come out of this unscathed.
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Post by ehds on Mar 31, 2020 2:35:00 GMT
My personal view is that things will start to settle as Aus/ UK get the virus under control- maybe another 1/2 months before the peak? The stimulus packages are helping with mitigating to some extent the potential fall out from the lay offs/ stand downs - so I think we are at the height of the panic which maybe explains the delays. Hopefully as things return to normal even if we are looking at a recession ( which is prob the case), calmer heads will prevail.
I think the Aus RS queue of 5 days is pretty darn good considering other platforms, but I do think that may timing will increase over the next month as the number of investors withdrawing are still a little more than investors investing, I could be wrong I hope I am!
Let’s keep updating, will help the anxious lurkers too.
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Post by wiseclerk on Apr 20, 2020 8:43:52 GMT
How my Ratesetter AUS portfolio is currently doing:
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Post by ehds on Jun 5, 2020 11:13:38 GMT
Aus RS queue has completely cleared now - investment returns back to normal.
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Post by wiseclerk on Jul 9, 2020 7:53:37 GMT
Unfortunately Ratesetter Australia will become unattractive for me for new lending from next week: On the good side: I still have more than 5,000 AUD lent in 5 year market at average rate of 8.7%
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Post by p2plender on Jul 9, 2020 23:16:34 GMT
The whirlpoolers aint happy!
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,156 
Likes: 4,830
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Post by ozboy on Jul 10, 2020 20:22:08 GMT
Unfortunately Ratesetter Australia will become unattractive for me for new lending from next week: On the good side: I still have more than 5,000 AUD lent in 5 year market at average rate of 8.7% Yep, and it's unsecured lending, not a good form of lending with Covid and Job Losses about, so I got completely out months ago. I only played the 1 Month Rolling, my backside still hurts from Collateral.
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Post by p2plender on Mar 12, 2021 11:04:17 GMT
now called 'PLENTI' but given the declining rates, perhaps 'NOTPLENTI' would be more apt...
Any Oz investors here into anything else p2p?
Regards.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,156
Likes: 4,830
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Post by ozboy on Mar 12, 2021 19:09:33 GMT
Been mentioned, several times before on here, mostly by me probably ..... do your own research, very, very DEEP Due Diligence, this is NOT a recommendation, just a mention of a Platform I invest via and am happy with, blah, blah, yadda, yadda............. www.marketlend.com.au/  |
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Post by p2plender on Mar 13, 2021 1:44:54 GMT
Thanks. Heard of that one. Will have a look but recall negative comments on whirlpool - tho there's negative comments on there about most things... Whinging poms? whinging ozzies!
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